If you’re looking for a loan to purchase new equipment for your business, Asset Finance might be the right route to go down. Rather than taking out an unsecured loan, Asset Finance is secured against the product you are looking to finance and involves regular monthly payments rather than paying the full amount upfront.
No full value upfront costs and the loan is secured against the borrowed asset
Fixed monthly repayments
Interest and VAT can be reclaimed
Depending on the product, you can either purchase, rent or refinance assets